Question

The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below. Cash Grant Receivables Investments Contract Payable Contract Payable - Retained Percentage Encumbrances Outstanding Revenues Encumbrances Construction Expenditures Other Financing Sources - Proceeds of Bonds Debits Credits $ 987,000 600,000 1,800,000 $1,263, 588 66,500 1,625,000 707,600 1,625,000 4,150,000 4,700,890 $8,362,eee $8,362, eee Required a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund, CHANCE COUNTY Woodland Park Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year End Revenues Expenditures Excess of Revenues Over (Under) Expenditures Other Financing Sources Excess of Revenues and Other Financing Sources Uses Over Expenditures Funo ba andes Beginning Fund Bandes Ending

Answer 1

Answer
Chance county
woodland parks capital projects fund
statement of revenues, expenditures, and changes in fund balances
for the year end
Revenue	$        707,000
Expenditures:
construction expenditures	$     4,150,000
Excess of revenue over (under) expenditures	-$     3,443,000
Other financing sources:
proceeds of bond	$     4,700,000
Excess of revenues and other financing	$     1,257,000
Sources/uses over expenditures
Fund balances, beginning
Fund balances, ending	$     1,257,000